10-Q · May 15, 2026
Boxlight Corporation reported Q4 2025 results with a revenue of $22.4 million, unchanged from the prior year, and a decrease in EPS to -$9.96, significantly worse than consensus estimates. Management cited increased…
Earnings analysis · 10-Q
BOXL earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Boxlight returned to profitability in the second quarter, with diluted EPS of $0.34 versus a $(55.08) loss a year earlier, and revenue improved sequentially to $25.918 million. However, revenue remained approximately…
Read full summary
Boxlight returned to profitability in the second quarter, with diluted EPS of $0.34 versus a $(55.08) loss a year earlier, and revenue improved sequentially to $25.918 million. However, revenue remained approximately 16.4% below the $31.0 million reported in 2025 Q2, while audio demand remained pressured and no formal numeric guidance was provided. The balance-sheet and liquidity outlook remains highly constrained: debt was $32.2 million at June 30, 2026, covenant and liquidity breaches required waivers, and management disclosed substantial doubt about the company’s ability to continue as a going concern.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.34
What stood out
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Revenue recovered sequentially but fell year over year
Second-quarter revenue was $25.918 million, approximately 16.4% below the $31.0 million reported in 2025 Q2, but approximately 17.8% above $22.0 million in 2026 Q1.
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Returned to quarterly profitability
Diluted EPS was $0.34 versus a $(55.08) loss in 2025 Q2 and a $(13.50) loss in 2026 Q1, marking a return to quarterly profitability.
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Equity raise reduced credit facility principal
The company completed an August 2026 equity raise that generated a principal repayment of approximately $2.25 million on the Whitehawk loan, although it also incurred a $0.14 million prepayment penalty.
What to watch
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Going-concern and covenant risk
As of June 30, 2026, the company owed $32.2 million under its Credit Agreement and had previously failed to comply with financial covenants, minimum liquidity, and borrowing-base requirements. The company stated that these conditions raise substantial doubt about its ability to continue as a going concern for one year following issuance of the financial statements.
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Nasdaq equity deficiency threatens listing
Nasdaq notified the company on July 1, 2026 that it did not meet the $2.5 million stockholders’ equity requirement for continued listing. Although the company requested a hearing, there is no assurance that continued listing or an adequate cure period will be granted.
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Market-value listing threshold risk
The company’s market value of listed securities was approximately $2.4 million on July 23, 2026, below Nasdaq’s new $5 million threshold. If the rule becomes effective and the deficiency persists through September 2, 2026, the shares could face immediate suspension and delisting without the usual stay from a hearing request.
Management's outlook
No explicit numeric revenue or EPS guidance was provided. Management indicated that 2026 global unit demand is expected to remain consistent with 2025 levels, while near-term audio demand remains pressured and recovery depends on deferred demand returning.
Earlier filings 4
10-K · April 15, 2026
Boxlight’s 2025 10-K reaffirms its strategy to sell integrated interactive display, audio, STEM and software solutions primarily into K-12 education (sold into more than 70 countries and more than 1.5 million…
10-Q · November 14, 2024
Boxlight reported Q3 net revenues of $36,289 (in thousands) and a GAAP net loss per common share of $(0.34). Revenue fell versus the prior-year quarter ($49,667) and the company missed consensus; operating loss narrowed…
10-Q · August 13, 2024
Boxlight reported Q2 2024 revenue of $38,514,000 (down from $47,052,000 in Q2 2023), gross profit of $14,528,000 (37.7% margin) and operating income of $1,222,000 (3.2% margin). Net loss attributable to common…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.